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    Historic Retail and Office Building Title is generated by Realmo AI

    102 N Swem, Hooker, OK 73945

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    For Sale
    $50,000

    Commercial Building - Hooker, OK

    Property size:
    4,875 SF
    Price / SF:
    $10/SF
    Added:
    Jun 1, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 8 at 12:06 am

    Property Features for 102 N Swem

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    200
    Rooms
    Basement, Kitchen
    Parking features
    Garage
    Basement Y/N
    1
    Standard status
    Active
    APN
    8510-00-015-001-0-000-00

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    77

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1905
    Year renovated
    1905
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Amber Hollis-Fesmire

    Listing agent Amber Hollis-Fesmire

    Listing office Henry Hinds Realty LLC 301 NE 4th, Guymon, OK

    Listing date Jun 1, 2026

    MLS# 11791994 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Historic brick‑shell building built in 1905 with 4,875 total SF of versatile commercial space
    • Ground floor includes 1,625 SF retail and storage: 639 SF finished retail with original tin ceiling and 986 SF storage
    • Second floor offers 751 SF blank canvas for loft, private offices, or an artist studio
    • Basement totals 1,223.68 SF and features an authentic, massive bank vault
    • Natural gas heating and flat roof
    • Garage parking available

    Overview

    This historic brick-shell commercial building offers a total of 4,875 square feet across ground floor, second floor, and a basement. The ground floor includes 639 square feet of finished retail space featuring the original tin ceiling, along with an additional 986 square feet of storage located behind the retail area. A second-floor space of 751 square feet is presented as an unfinished blank canvas suitable for uses such as private offices, a studio, or additional commercial space. The basement totals 1,223.68 square feet and includes an authentic, massive bank vault that can serve as a distinctive focal feature for a variety of concepts.

    The property is located in downtown Hooker, Oklahoma, at 102 N Swem. It is positioned to serve street-level retail needs with an on-site back-of-house storage area, while also offering interior space that can support office, creative, or mixed-use plans above and below.

    With multiple levels and distinct character-driven features, the building can fit tenants or buyers looking for a restoration-oriented space that combines front-of-house retail, flexible upper-level rooming, and a signature vault basement. The layout supports operations that benefit from retail presence with practical storage and additional interior areas for expanded use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hooker
    County
    Texas
    State
    Oklahoma
    Longitude
    -101.212701
    Latitude
    36.860979

    FAQs

    What type of property is this?
    Retail space - Brick-shell building with original retail tin ceiling and a basement bank vault for flexible business or office concepts.
    Where is this retail space located?
    The property is located at 102 N Swem Hooker, OK.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Historic brick‑shell building built in 1905 with 4,875 total SF of versatile commercial space; Ground floor includes 1,625 SF retail and storage: 639 SF finished retail with original tin ceiling and 986 SF storage; Second floor offers 751 SF blank canvas for loft, private offices, or an artist studio
    (580) 898-9111
    We can help!
    Listing Contact
    Amber Hollis-Fesmire
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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